Solutions / Energy & Utilities/ Asset Management
Asset Management
Smarter asset management improves cost and reliability of power delivery
Distribution systems are aging and struggling as demand for energy increases. Distribution companies must improve reliability and performance while reducing costs and effectively managing investments. Making the most of all the new sources of data about assets in the distribution network and ensuring those assets deliver cost-effective, reliable power, and support a smarter grid means managing business rules effectively.
- Expand Reliability
- Extend Life
- Improve Efficiency
- Real-Time Monitoring
- Reduce Costs
The reliability of a distribution network is only as good as the weakest link in that network. Business rules can be used to ensure that all equipment gets the servicing it needs to stay reliable, to identify combinations of circumstances known to be problematic and to ensure proactive maintenance when sensor and other data indicate that it is called for.
With the distribution network aging and supporting increased demand, utilities face pressure to extend the life of their equipment while avoiding catastrophic failures. Proactive maintenance is effective at extending the life of equipment, but must be managed to be cost-effective. Business rules management allows utilities to define the unique maintenance needs for each asset and dynamically integrate with repair work and inspection schedules to minimize costs and disruption.
Utilities must improve the efficiency of their Maintenance, Repair and Overhaul organizations. Yet schedules and work must be managed in compliance with external regulations, union and other contracts, and the specific needs of each piece of equipment. A business rules management approach allows all these rules to be managed by those who understand them and further allows them to be updated immediately when they need to change. Effective management of the rules for MRO improves efficiency across the board.
Utilities are adopting real-time monitoring of their distribution network from top to bottom. Transmission lines, substations, pipes, and switches can and should be monitored. If this information can only be presented on reports or dashboards then its value will be wasted. Business rules drive appropriate real-time responses to take full advantage of all this new information. Business rules applied to monitoring data can ensure accurate condition assessment without manual inspection, improving results and reducing costs.
Business rules reduce costs throughout the distribution network by ensuring that equipment is not replaced before it needs to be, managing maintenance schedules to extend the life of critical assets and using sensor data to reduce the cost of monitoring the network.
Additional Corticon Energy & Utilities Solutions: Smart Grid, Customer Care
Related Products:Corticon Business Rules Modeling Studio, Corticon Business Rules Server, Corticon Dialogs
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